Conifex Timber Inc (CFF) Price Target Increased to C$7.00 by Analysts at CIBC
Conifex Timber Inc (TSE:CFF) had its price target increased by equities research analysts at CIBC from C$5.00 to C$7.00 in a research note issued on Monday, November 13th. CIBC’s price target indicates a potential upside of 27.50% from the company’s previous close.
Several other research firms have also commented on CFF. Royal Bank Of Canada increased their price target on shares of Conifex Timber from C$7.00 to C$8.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. TD Securities increased their price target on shares of Conifex Timber from C$3.75 to C$4.00 and gave the company a “hold” rating in a research report on Friday, August 11th.
Conifex Timber (TSE:CFF) traded up C$0.01 during mid-day trading on Monday, hitting C$5.49. 23,600 shares of the company’s stock traded hands, compared to its average volume of 56,318. Conifex Timber has a 1-year low of C$2.85 and a 1-year high of C$5.50.
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Conifex Timber Company Profile
Conifex Timber Inc is a forestry company. The Company’s segments include Lumber, Bioenergy and Corporate & other. The Lumber segment’s primary activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber finishing. In its Lumber segment, the Company owns three sawmill complexes in British Columbia, one in Fort St.
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